On September 22, 2006, Hyperdynamics, through its wholly owned subsidiary SCS Corporation, signed a Production Sharing Contract (PSC) with the government of The Republic of Guinea (Guinea-Conakry) for an offshore license that covers the area indicated in the diagram.

Highlights:
• Exploration Area: More Than 20,000,000 Acres
• Largest Unexplored License from Gibraltar to Cape Point
• West African Offshore
• Prospective Hydrocarbon Systems Indicated

In order to better understand the relative size of the concession, the image below depicts the Hyperdynamics concession offshore Guinea placed directly over some of the most prolific production areas in the Gulf of Mexico.